What Makes the Global Innovators Fund Different?
We believe that innovative companies have the potential to outperform in the marketplace, meaning their innovation culture provides them with a competitive advantage. This advantage often manifests itself in higher profit margins, lower costs, or more attractive products.
We also recognize that innovative companies can attract a lot of buzz or otherwise fall victim to a hype-cycle, which can lead to inflated stock prices. And while we don’t mind paying a bit of a premium for a company with a competitive edge, we are very concerned about paying too much of a premium. For us, valuation matters a lot.
The Global Innovators Fund was launched in 1998. We’re not new to this innovation investing theme. We have a process, we have the experience, and you can see the performance for yourself.
To continue your research, you can:
- Download a fact sheet
- Read the Summary Prospectus
- Read the most recent Monthly Update
If you have additional questions or wish for more personal help, please email us at [email protected]
Global Innovators Fund Morningstar Ratings
Category: Global Large-Stock Growth
| Morningstar Ratings as of 03/31/2024 | Overall | 3 Year | 5 Year | 10 Year |
| Global Innovators Fund, Investor Class | ★★★★★ (322 Funds) |
★★★★ (322 Funds) |
★★★★★ (279 Funds) |
★★★★★ (188 Funds) |
Ratings based on Morningstar’s Risk Adjusted Return
Global Innovators Fund Performance
Quarterly Performance as of 03/31/2024
| YTD | 1 Year | 3 Years | 5 Years | 10 Years | |
| Global Innovators Fund, Investor Class (IWIRX) | 12.15% | 35.08% | 8.63% | 16.14% | 12.51% |
| Global Innovators Fund, Institutional Class (GINNX) | 12.23% | 35.43% | 8.91% | 16.43% | 12.74% |
|
|
8.88% | 25.11% | 8.60% | 12.06% | 9.39% |
Performance data quoted represents past performance and does not guarantee future results. The investment return and principal value of an investment will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than their original cost. Current performance of the Funds may be lower or higher than the performance quoted. For the most recent month-end performance, please call 800-915-6566 or visit the Fund’s website at www.gafunds.com. Total returns reflect a fee waiver in effect and in the absence of this waiver, the total returns would be lower.
IWIRX Expense Ratio: 1.24% (net) | 1.27% (gross)
GINNX Expense Ratio: 0.99% (net) | 1.10% (gross)
Performance data shown for Global Innovators, Institutional Class (GINNX), prior to its launch date on 12/31/15, uses performance data from the Global Innovators, Investor Class (IWIRX).
The Advisor has contractually agreed to reimburse expenses (excluding Acquired Fund Fees and Expenses, interest, taxes, dividends on short positions and extraordinary expenses) in order to limit the Fund’s total Annual Operating Expenses through June 30, 2026.
Fund Details
| Symbol | IWIRX | GINNX |
| Class | Investor | Institutional |
| Inception Date | 12/15/1998 | 12/31/2015 |
| Minimum Investment | $5,000 $1,000 IRA $250 Subsequent |
$100,000 $100,000 IRA $5,000 subsequent |
| CUSIP # | 402031 30 6 | 402031 884 |
| Expense Ratio | 1.27% (gross) 1.24% (net) |
1.10% (gross) 0.99% (net) |
| Benchmark | MSCI World Index | MSCI World Index |
| Redemption Fee | None | None |
| Load | None | No Load |
| Morningstar Category | Global Large-Stock Growth | Global Large-Stock Growth |
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Morningstar RatingTM
The Morningstar RatingTM for funds, or “star rating”, is calculated for managed products (including mutual funds, variable annuity and variable life subaccounts, exchange-traded funds, closed-end funds, and separate accounts) with at least a three-year history. Exchange-traded funds and open-ended mutual funds are considered a single population for comparative purposes. It is calculated based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a managed product’s monthly excess performance, placing more emphasis on downward variations and rewarding consistent performance. The top 10% of products in each product category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars, and the bottom 10% receive 1 star. The Overall Morningstar Rating for a managed product is derived from a weighted average of the performance figures associated with its three-, five-, and 10-year (if applicable) Morningstar Rating metrics. The weights are: 100% three-year rating for 36-59 months of total returns, 60% five-year rating/40% three-year rating for 60-119 months of total returns, and 50% 10-year rating/30% five-year rating/20% three-year rating for 120 or more months of total returns. While the 10-year overall star rating formula seems to give the most weight to the 10-year period, the most recent three-year period actually has the greatest impact because it is included in all three rating periods.
© 2024 Morningstar, Inc. All Rights Reserved. The information contained herein (1) is proprietary to Morningstar (2) may not be copied or distributed and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Past performance is no guarantee of future results.
MSCI World Index captures large and mid-cap representation across 23 Developed Markets countries. With 1,480 constituents, the index covers approximately 85% of the free float-adjusted market capitalization in each country.